Umbrella company: Employer's tax deductions document?

[GhostofTarbera]

Hi, thank you for the replies.

So I do have payslips for each week, and they show a line for "Employment Costs, Including Employer's National Insurance".

When I was a permanent employee my paylips showed the taxes removed each month, but I would still get a P60 which summarises it at the end of the tax year and makes it easy to see how much was paid, if it was overpaid, etc. I do understand what you mean though about a weekly tax vs a yearly.

So is it safe to say there is definitely no official yearly document that shows the total employers NI paid?
I just need to keep an eye on it myself from each payslip?
Am I right in saying it should be 13.8% on anything over £169.00? Or is it not as simple as that?

Sorry if I'm not explaining it well, I'm confusing myself more and more every time I think about it

Thanks.

Above posts have already told you

You get a P60 from the umbrella

No it’s not easy as umbrellas make several deductions

Holiday pay, apprentice levy, employer Ni etc etc


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[elr20]

Hi, thank you for the replies.

So I do have payslips for each week, and they show a line for "Employment Costs, Including Employer's National Insurance".

When I was a permanent employee my paylips showed the taxes removed each month, but I would still get a P60 which summarises it at the end of the tax year and makes it easy to see how much was paid, if it was overpaid, etc. I do understand what you mean though about a weekly tax vs a yearly.

So is it safe to say there is definitely no official yearly document that shows the total employers NI paid?
I just need to keep an eye on it myself from each payslip?
Am I right in saying it should be 13.8% on anything over £169.00? Or is it not as simple as that?

Sorry if I'm not explaining it well, I'm confusing myself more and more every time I think about it

Thanks.

[Ricky@IntouchAccounting]

Hello everyone,

I've been lurking on these forums this year as I am new to contracting.
I have finally registered as I have question that I can't find answers to...

As a permanent employee, I would get a P60 at the end of the tax year which tells me how much employee taxes I have paid.

Is there an equivalent document from umbrella companies when they pay employer's taxes out of the money I'm bringing in?

Without a document like this, how would I know if an umbrella company is paying the correct amount of employer's taxes for me?

Thank you.

You should get a weekly/monthly payslip and then a P60 also at the end of the tax year.

[eek]

Hello everyone,

I've been lurking on these forums this year as I am new to contracting.
I have finally registered as I have question that I can't find answers to...

As a permanent employee, I would get a P60 at the end of the tax year which tells me how much employee taxes I have paid.

Is there an equivalent document from umbrella companies when they pay employer's taxes out of the money I'm bringing in?

Without a document like this, how would I know if an umbrella company is paying the correct amount of employer's taxes for me?

Thank you.

You should get that every week / month as the money from the agency is paid for you.

And Employer NI is like Employee NI a weekly / monthly tax so you don't need to look at it in yearly instalments as you do with a P60 and income tax.

[elr20]

Hello everyone,

I've been lurking on these forums this year as I am new to contracting.
I have finally registered as I have question that I can't find answers to...

As a permanent employee, I would get a P60 at the end of the tax year which tells me how much employee taxes I have paid.

Is there an equivalent document from umbrella companies when they pay employer's taxes out of the money I'm bringing in?

Without a document like this, how would I know if an umbrella company is paying the correct amount of employer's taxes for me?

Thank you.